Commanding Views
A small sample of the storm effects, plus a look at the view from SEH Estates which is having their grand opening today, 10am-2pm. The rain is supposed to let up, so the views there should be phenomenal – all the way to Mexico!
A small sample of the storm effects, plus a look at the view from SEH Estates which is having their grand opening today, 10am-2pm. The rain is supposed to let up, so the views there should be phenomenal – all the way to Mexico!
Bill and company have another winner at the top of the hill in San Marcos with grand opening this weekend! This is a brief tour – there is much more to see:
The homes are 4,500sf to 6,200sf and those currently available are priced in the $1.3s and $1.4s with limited-to-decent views.
Here’s a quick tour of the new Davidson models at The Oaks Farms in SJC:
An update on Davidson Communities, and their blistering hot run through Carlsbad were they sold out New Crest and are one away from closing out Arterro too. But that’s not all – resales have already begun in both – a 3,110sf pending sale on New Crest will close for more than $1.2 million, and in Arterro there is a house that backs to RSF Rd. that listed for $1.35 million and went pending in 12 days!
Bill Davidson told us a couple years back that we are out of dirt. More on that:
http://ourcitysd.com/what-will-our-housing-market-look-like-in-20-years/
If you think San Diego’s housing market is strained and pricey now, what will it be like in 20 years? Yes, feel free to shudder. No one, of course, can accurately predict that far in advance. There are too many variables at play. But there is one aspect of the current housing market that would seem tough to reverse.
And that’s the ability to build.
For one thing, we have finite developable land, particularly in the city of San Diego. Secondly, a portion of our population appears unwilling to embrace density — at least in their own neighborhoods — which makes it tough on planners and builders to increase supply.
“We’ll be the Bay Area in no time,” said Borre Winckel, president and CEO of the Building Industry Association of San Diego. “We can offer very few product lines for the middle-class buyer.”
San Francisco was once a quirky, counter-cultural city that was home to a bevy of activists, artists and writers. But that city is vanishing because of sky-high housing costs. Now, only the elite can afford to live in the city and, like in Manhattan, low- and middle-income workers are forced to live further afield and make long commutes to their jobs.
San Diego is not far behind. It is already the nation’s fifth most expensive housing market, according to the National Association of Realtors. Only an estimated 25 percent of households can afford the median home price.
Even more troubling, most of the apartment units under construction are higher end, catering to wealthier millennials.
“My lament is that we’re royally screwing the housing opportunity for the middle class and young people,” Winckel said.
San Diego’s population grew by 159,000 people from 2010 to 2014, but the region added only 22,000 housing units in that time, according to the U.S. Census Bureau.
If that trend continues, experts predict housing prices will continue to rise.
Read full article here:
http://ourcitysd.com/what-will-our-housing-market-look-like-in-20-years/
The La Costa Town Square is open for business, and nearby new-home builders should benefit from the easy access to new shops and restaurants:
Will buyers mind being next to the water tanks + church and be right off a busy street near the Palomar Airport flight path? Not when Davidson is building!
At the end of this video is a solution to what might be ailing Phase 2 sales on this side of the street: